Trade Nation Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our research found that Trade Nation provides a solid offering for forex and CFD traders. With an average overall rating, Trade Nation offers competitive spreads and a range of tradable symbols, making it a decent choice for traders.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Competitive spreads: The average spread for EUR/USD is 0.6, better than the industry average of 1.08.
- Well Regulated: Authorized by both ASIC and FCA, enhancing trust.
- Proprietary platform: Provides a well-designed and easy-to-use trading platform for web and mobile.
Cons
- Limited education: Its educational offering is limited compared to best-in-class brokers.
- No MetaTrader 5: Only supports MetaTrader 4.
- No copy trading: Does not offer copy trading functionality.
Ratings Summary
- Investment Types - 7.0/10
- Commissions & Fees - 9.0/10
- Trading platforms - 7.5/10
- Research - 7.0/10
- Mobile Apps - 7.5/10
- Education - 6.5/10
- Overall - 7.7/10
Can I trust Trade Nation?
We identified that Trade Nation is regulated by both ASIC in Australia and the FCA in the UK, which adds a layer of trust. It is rated as "Trusted" with a trust score of 85, according to ForexBrokers.com.
Trade Nation is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA)
- Tier-2 Regulators - Financial Sector Conduct Authority (FSCA)
- Tier-3 Regulators - None
- Tier-4 Regulators - Securities Commission of the Bahamas (SCB) and the Financial Services Authority (FSA)
Is Trade Nation good for beginners?
Our research indicates that Trade Nation is a below-average option for beginners, offering some educational videos specifically designed for novice traders but lacking real depth and variety.
| Feature |
Trade Nation
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | No |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | No |
| Investor Dictionary (Glossary) | No |
Trade Nation commissions and fees summary
Trade Nation offers competitive commissions and fees, with no inactivity fee and an average EUR/USD spread of 0.6, which is better than the industry average. However, it does not offer VIP discounts. With its fees being highly recommended, it is a strong choice for cost-conscious traders.
| Feature |
Trade Nation
|
|---|---|
| Minimum Deposit | $0 |
| Average Spread EUR/USD - Mini | 0.6 |
| Average Spread EUR/USD - Standard | 0.6 |
| All-in Cost EUR/USD - Active | 0.6 |
| Active Trader or VIP Discounts | No |
Trade Nation trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Trade Nation offers a proprietary platform and MetaTrader 4, receiving an average recommendation for its trading platforms and tools. This makes it a solid choice for traders seeking reliable platforms.
Trading platforms offered: Proprietary platform and MetaTrader 4.
Trading tools: Offers various trading tools, although details are limited.
Copy trading: Does not offer copy trading.
| Feature |
Trade Nation
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| DupliTrade | No |
Trade Nation trading platform screenshots
Mobile trading apps at Trade Nation
Trade Nation's mobile trading apps are recommended, providing a reliable option for on-the-go trading.
| Feature |
Trade Nation
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | No |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
Trade Nation mobile app screenshots
How do I open an account with Trade Nation?
- Visit the Trade Nation website.
- Click on "Open an Account".
- Fill in the required personal information.
- Verify your identity as instructed.
- Fund your account and start trading.
What can I trade at Trade Nation?
Trade Nation offers 28 forex pairs and 601 tradeable symbols, below the industry average of 3623, providing only a moderate range of trading options.
| Feature |
Trade Nation
|
|---|---|
| Tradeable Symbols (Total) | 1000 |
| Forex Pairs (Total) | 46 |
| Social Trading / Copy Trading | No |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | Yes |
Trade Nation research screenshots
Account funding at Trade Nation
Trade Nation supports bank wires, credit cards, and Skrill for account funding. However, it does not support Neteller or PayPal.
| Feature |
Trade Nation
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | No |
About Trade Nation
Trade Nation, founded in 2014, offers a reliable trading experience with a focus on competitive spreads and a small variety of tradable symbols. Although it is not publicly listed, it is regulated by both ASIC and FCA, ensuring a certain level of trust and security for its clients.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.